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Daily Kickstart (“Bigly”)
https://twitter.com/POTUS/status/824268525862879232
https://twitter.com/VP/status/824384975374086145
Bigly, dammit. Bigly.
So bigly in fact, that we're within 1.5% of a record global high.
Ok, now that that's out of the way, let's get to the overnight action which picked up rather notably about an hour ago - so 4:40-ish EST.
UK GDP printed stronger than expected and FX markets reacted, well... stronger than expected. First of all, here are the numbers:
U.K. First Estimate 4Q GDP Rises 0
Actually New Home Sales is an interesting one, the mortgage purchasing index has leveled of YoY lately. If sales don’t pick up the economy has no leg up. Auto sales are already slumping http://wardsauto.com/industry/forecast-january-forecast-calls-low-sales-high-inventory and they were the only thing that saved retail sales in December
good comment. thanks